REGISTERED NUMBER: 03666941 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Prodigio Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Cicirello

V Cannella

REGISTERED OFFICE:

Lennox House

3 Pierrepont Street

Bath

BA1 1LB

REGISTERED NUMBER:

03666941 (England and Wales)

FIXED ASSETS

Tangible assets

4

247

-

Investment property

5

10,481,033

10,115,524

10,481,280

10,115,524

CURRENT ASSETS

Debtors

6

90,230

141,967

Cash at bank and in hand

355,281

1,172,416

445,511

1,314,383

CREDITORS

Amounts falling due within one year

7

912,233

359,762

NET CURRENT (LIABILITIES)/ASSETS

(466,722

)

954,621

TOTAL ASSETS LESS CURRENT LIABILITIES

10,014,558

11,070,145

CREDITORS

Amounts falling due after more than one year

8

(800,000

)

(2,300,000

)

PROVISIONS FOR LIABILITIES

9

(764,547

)

(764,547

)

NET ASSETS

8,450,011

8,005,598

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Share premium

1,144,002

1,144,002

Fair value reserve

11

3,390,026

3,390,026

Retained earnings

3,914,983

3,470,570

SHAREHOLDERS' FUNDS

8,450,011

8,005,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

G Cicirello - Director

1.	STATUTORY INFORMATION

Prodigio Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover in the profit and loss account represents amounts invoiced during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on straight line basis

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is stated at its fair value at the reporting date. Gains or losses arising from changes in the fair value of investment property are included in profit or loss for the period in which they arise.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

619

Additions

371

At 31 March 2025

990

DEPRECIATION

At 1 April 2024

619

Charge for year

124

At 31 March 2025

743

NET BOOK VALUE

At 31 March 2025

247

At 31 March 2024

-

5.	INVESTMENT PROPERTY

All investment properties, excluding Sterling House and the Courtyard Apartment at 16 Camden Crescent, were independently revalued to open market value in February 2005 by Philip Jennings FRICS and Derek Walker, Chartered Surveyors.

One property was revalued to open market value in June 2012 by Alan Brooks FRICS, Chartered Surveyor.

Sterling house was purchased May 2023 at a total cost of £2,991,437, this is the current fair value held in the accounts.

The Courtyard Apartment at 16 Camden Crescent was purchased November 2024 at a total cost of £365,500, this is the current fair value held in the accounts.

The directors have considered the value of the properties, and have revalued them by an amount that they believe fairly represents the open market value of the properties.

The original cost of the investment properties were as follows:

Property

Cost £

16/17 Camden Crescent

500,000

37 Grosvenor Place

300,000

2 Princes Buildings

285,000

87 Newbridge Road

253,199

Sterling House

2,991,437

Cirencester Business Park - units 101-104 and 301

1,570,943

Cirencester Business Park - unit 302

242,770

Courtyard Apartment 16 Camden Crescent

365,500

6,508,849

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

76,935

118,700

Other debtors

13,295

23,267

90,230

141,967

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

154,681

94,112

Other creditors

757,552

265,650

912,233

359,762

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

800,000

2,300,000

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

764,547

764,547

Deferred

tax

£

Balance at 1 April 2024

764,547

Balance at 31 March 2025

764,547

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

3,390,026

The fair value reserve is displayed separately within the accounts in order to easily identify the company's non-distributable reserves, in relation to its investment property revaluations.

12.	RELATED PARTY DISCLOSURES

Mr G Cicirello is the sole director of Visutophel Limited. At the year end Prodigio Limited were owed the sum of £20,000 (2024: £110,000) from Visutophel Limited, which is included within other debtors. Interest is charged at 1% above the Bank of England base rate and is due annually.

Included in creditors is a loan of £590,021 (2024: £1,500,000) from Manor Castle Properties Limited, a company in which Mr G Cicirello also holds directorship. Interest is being charged on the loan at a rate of 6.5% per annum.

At the balance sheet date, £800,000 (2024: £800,000) is owed by the company to the family members of Mr G Cicirello, with each being owed £160,000. Interest is being charged on the loans at a rate of 5% per annum.

13.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr G Cicirello.